Menu Our services in the selected location:
  • No services available for your region.
Select Location:
Remember my selection
We have been made aware that there are external parties falsely claiming to carry out financial services on behalf of Goldman Sachs (including Goldman Sachs Asset Management International and Goldman Sachs International) in order to market fake investment products and to solicit monetary payments. These external parties may pose as Goldman Sachs through the use of fraudulent communications via email, instant messaging or phone, as well as through the use of fake brochures and other documents containing Goldman Sachs branding and logos.
The Financial Conduct Authority of UK has issued warnings about these fraudulent activities which can be found here and here.
It is important to know that any communication you receive from Goldman Sachs would only come from an @gs.com e-mail address and/or be found on the goldmansachs.com website. Further information regarding how you can protect yourself from fraudulent activity online and how you can contact us about this can be found on the Goldman Sachs Security page, available here.
Your browser is out of date. It has known security flaws and may not display all features of this and other websites
2020 Pension Review "First Take"

2020 Pension Review "First Take"

Here We Go Again...and Again

Rising interest rates so far in 2021 have pushed the aggregate funded status of US corporate defined benefit (DB) pension plans to its highest level since the 2008 global financial crisis. This comes after funded status barely changed in 2020, when lower rates offset strong asset gains.

We think this improvement in funded status may present plans with opportunities to de-risk. In the past, plan sponsors haven’t always used favorable market moves to better align assets with liabilities. In our 19th annual pension review, “First Take”: Here We Go Again…and Again, we highlight actions plan sponsors may wish to consider this time around, and offer observations on the status of the US corporate DB system.



Background on the First Take

Each year, we perform a comprehensive review of the DB pension plans of every company in the S&P 500 index based on the information they file in their annual 10-K reports with the Securities and Exchange Commission.  As in previous years, we have focused our initial analysis in our “First Take” report on the 50 companies in the S&P 500 with the largest US DB plans based on asset values. The goal of this “First Take” review is designed to provide initial impressions on the issues and factors impacting corporate DB plan sponsors.

2020 Pension Review "First Take": Here We Go Again...and Again

Download
the
Full Report

2020
Chartbook

Access
the
Chartbook

Exchanges at
Goldman Sachs

GS Asset Management's Mike Moran explains how pension plans have fared in 2020.


Contact Us